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3232Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches
https://www.digit.info/nigerian-banks-still-distributing-old-naira-banknotes-as-demonetization-date-approaches/
Mon, 23 Jan 2023 23:00:56 +0000https://www.digit.info/2023/01/23/nigerian-banks-still-distributing-old-naira-banknotes-as-demonetization-date-approaches/Read more]]>With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite growing pressure for it to extend the period for returning the old notes, the central bank insists the Jan. 31 deadline still stands. […]
]]>Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
https://www.digit.info/nigerian-central-bank-says-it-will-release-new-banknotes-in-december-naira-falls-to-new-low/
Sat, 29 Oct 2022 07:30:21 +0000https://www.digit.info/2022/10/29/nigerian-central-bank-says-it-will-release-new-banknotes-in-december-naira-falls-to-new-low/Read more]]>Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low of N781:$1. Redesigning Currency a Global Best Practice The […]
With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite growing pressure for it to extend the period for returning the old notes, the central bank insists the Jan. 31 deadline still stands. […]
Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low of N781:$1. Redesigning Currency a Global Best Practice The […]